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Dove Sporting Goods Company reported the following data at July 31, 2021, with amounts in thousands: III (Click the ioon to view the account balances.)
Dove Sporting Goods Company reported the following data at July 31, 2021, with amounts in thousands: III (Click the ioon to view the account balances.) (Cick the icon to view the statement of retained earnings) Data table Retained Earnings' andi Balance Sheet July 31, 2021 Thousands Assets Current assets Cash Accounts receivable Inventories Other current assets \begin{tabular}{rr} $ & 26,800 \\ 27,900 \\ 39,000 \\ 5,400 \\ 99,100 \\ 19,100 \\ 24,300 \\ \hline$ & 142,500 \\ \hline \hline \end{tabular} Liabilities Tntal rumant liahilities S. Reference Dove Sporting Goods Company reported the following data at July 31, 2021, with amounts in thousands: (Click the icon to view the acoount balanoes.) (Click the icon to view the statement of retained earnings.) (Click the icon to view the balance sheet.) Make the company's closing entries at July 31, 2021. Then set up a T-account for Retained Eamings and post to that account: Compare Retained Earnings' ending balance to the amount reported on Dove's statement of retained earnings and balance sheet. What do you find? Now make the closing entry for expenses at July 31, 2021
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